Part of a package of three bills to establish governance arrangements for Commonwealth superannuation schemes, the bill establishes ComSuper as a statutory body and provides for: the terms and conditions of employment, functions and powers of the Chief Executive Officer; staff and consultants; and finance and reporting requirements.

to include the Australian Customs and Border Protection Service within the jurisdiction of the Australian Commission for Law Enforcement Integrity; the

Australian Federal Police Act 1979

and

Proceeds of Crime Act 2002

to: allow the Commissioner of the Australian Federal Police (AFP) to commence litigation on proceeds of crime matters on behalf of the Criminal Assets Confiscation Taskforce; allow the Director of Public Prosecutions and the Commissioner of the AFP to transfer matters already commenced between themselves; give courts a discretion when calculating the amount of a pecuniary penalty order to take into account tax paid after proceeds of crime proceedings are commenced; and align the production order provisions with unexplained wealth provisions; the

Family Law Act 1975

to enable courts to take account of Commonwealth, state and territory forfeiture applications when determining a person’s property for the purpose of property settlement and spouse maintenance proceedings; and 10 Acts to make consequential amendments.

in relation to: goods that are no longer for export; directions for the movement and storage of goods subject to Customs control; the suspension of an authority to deal; compliance requirements for warehouse licences; and reporting requirements for cargo on board a ship or aircraft that is lost or wrecked; and

as a result of the fourth review by the World Customs Organization of the Harmonized Commodity Description and Coding System, by effecting changes required by the Food and Agricultural Organization of the United Nations (relating to food security), the Rotherdam Convention (relating to hazardous chemicals and pesticides), and the Montreal Protocol (relating to halogenated hydrocarbons).

to: enable the Chief Executive Officer (CEO) of Customs to recommend, and the minister to declare, that anti-dumping measures be revoked at the end of a review; and provide for a revocation test outlining when the CEO may recommend that the minister revoke anti-dumping measures.

to: provide for a ‘two strikes and re-election’ process when a company’s remuneration report receives a 25 per cent or more ‘no’ vote in two consecutive years; require the company board or remuneration committee to approve any remuneration consultancy contract; require remuneration consultants to report to non-executive directors or the remuneration committee; require remuneration consultants and boards to declare a recommendation is made free from undue influence; require companies to disclose certain details relating to a remuneration consultant; prohibit directors and executives from voting their shares on remuneration resolutions; prohibit hedging of incentive remuneration; require shareholder approval for declarations of ‘no vacancy’ at annual general meetings; require that non-chair proxies vote as directed when they vote on a poll; and confine disclosures in the remuneration report to key management personnel.

in relation to: Australian Securities and Investments Commission approved (compulsory and voluntary) transfers of estate assets and liabilities; ‘compulsory’ transfers of business to a public trustee; ministerial approval for listing a trustee company; holding out as a licensed trustee company; the term ‘authorised trustee corporation’; common funds and registered schemes; arm’s length transactions; fee regulation; drawing down of fees from income or capital; and reasonable fees being charged for tax return preparation; and

Payment Systems (Regulation) Act 1998

to provide that anything done by a payment system participant when complying with an ATM access regime as determined by the Reserve Bank of Australia is exempt from Part IV of the

to: extend the regulatory regime for remittance dealers and providers of remittance networks; and expand the agencies with which Australian Transaction Reports and Analysis Centre (AUSTRAC) can share financial intelligence;

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

and

Privacy Act 1988

to enable reporting entities to use credit reporting data to verify the identity of their customers; and

Financial Transaction Reports Act 1988

to enable the Chief Executive Officer of AUSTRAC to exempt a person from provisions of the Act.